What's Going On With Opera's Stock?
Opera Limited (NASDAQ:OPRA) shares are climbing as traders circulate unconfirmed rumors that Opera will have some involvement in Apple Inc.'s (NASDAQ:AAPL) WWDC event Monday.
What To Know:
Apple is hosting its WWDC event in California with keynote events on Monday expected to reveal new software and features including iOS 18, iPadOS 18, macOS 15, tvOS 18, watchOS 11 and visionOS 2.
Opera shares are moving on heavy trading volume as traders circulate rumors of Opera's possible involvement at Apple's WWDC event. According to data from Benzinga Pro, more than 3.25 million shares have already been traded in the session, compared to the stock’s 100-day average of less than 850,000 shares.
Opera is a software company with hundreds of millions of Opera web browser users. The company was founded in 1995 and is headquartered in Oslo, Norway.
The stock is trading above its 50-day moving average of $14.17, and 10.68% of available Opera shares are being sold short.
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Should I Sell My OPRA Stock?
When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.
Shares of Opera have decreased by 12.03% in the past year. An investor who bought shares of Opera at the beginning of the year would make a profit of $3.89 per share if they sold it today. The stock has risen 18.57% over the past month, meaning an investor who bought shares on May 1 would see a capital gain of $3.42.
Opera shares have an all-time high of $27.83, representing 67.65% upside from current levels.
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Opera stock currently has an RSI of 37.4, indicating neutral conditions.
For access to advanced charting and analysis tools and stock data, check out Benzinga PRO. Try it for free.
OPRA Price Action: According to Benzinga Pro, Opera shares are up 24.7% at $17.16 at the time of publication Monday.
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